Endeavor Catalyst raises $320M fund; Itaú Ventures joins as first FoF investment

Endeavor Catalyst closed its fifth fund at $320M, above its $300M target, with Itaú Ventures participating as the only Latin American bank investor. This marks Itaú's first fund-of-funds investment, signaling its push into global innovation ecosystems. The raise indicates sustained investor appetite for venture capital in emerging markets, though the direct market impact is limited.